Morrison Ltd, an Australian company purchased inventory from Trudeau Co which is a
Canadian company. The following information is relevant to a recent acquisition of inventory for
C$458,400 pursuant to a contract with terms including FOB shipping.
Event table
Date	Event	Exchange rate
		1A$ = C$
25-1-2021	Inventory shipped	C$0.97
15-2-2021	Inventory delivered	C$0.98
30-4-2021	Cash payment of C$458,400 to Trudeau Co	C$0.95
30-6-2021	End of reporting period	C$0.93
Prepare the necessary entries for Morrison Ltd to record the above transactions for the year
ended 30-June-2021